gingerbre4d

gingerbre4d

Analysis of BTC/USD We see printed a huge green candle, breaking past the 200MA. This is a strong indicator of a bullish trend forming. Two bull flags clearly printed, before stepping above the 200MA. It remains to be seen if it can find support at this range and consolidate above this 4000 level. MACD bullish divergence is also indicative of a reversal....

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After trending sideways for some months, we observe XEM breaking out above its 50MA (green) and the overhead resistance (0.00001650) with a huge surge in volume. Since November, XEM has been trading in an upward channel, until its recent break to the downside the past couple days. Failing to breakout from the long term moving average 200MA (red), it seems that...

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Jumping right into LTC/BTC, we see a minor breakout from its downward channel. Strong volume coming in, and breaking past 50MA (in green). It remains to be seen if it breaks 0.0085 as the first major resistance level, followed by 0.0100 as the second major resistance level. Note that the RSI is fairly overbought - if this is indeed a reversal, watch for some...

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On the longer term weekly candles, we can observe BTC approaching its 200MA in red, RSI also breaking its lower oversold range. Considering the trading range of Jun-July 2017 as a firm price floor, BTC is unlikely to break through its lower limit of $2000. Regardless, there is no major catalyst in sight, apart from rumours of ETFs in Q1 - the crypto winter may be...

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Welcome to this quick analysis of ADA! Breaking out of its sideway channel between 1800-2400 sat, its almost like clockwork... Demolishing the 50MA, ADA is making some strides. Expecting ADA to consolidate for a bit, before re-launch to 3000 sat. This would likely complete an inverse H&S pattern, but it remain to be seen if ADA can make a strong bounce off the...

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Jumping straight into it, BTC is currently trading within its descending triangle/channel, but looking to retest its overhead resistance at the $7,500 range. This sudden spike in global daily trading volume from 10b to over 20b is quite absurd. Nonetheless, it remains to show if BTC has the momentum to keep charging upward. But if history repeats itself, it...

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NEO has printed what seems to be a clear Head & Shoulders pattern on the 4 Hourly - this is often characteristic of am imminent bearish scenario. However, for this to take place, NEO needs to break below the neckline to complete the H&S. The bearish case is for the projected neckline to coincide perfectly with the lower support level (in red) to complete a...

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Quick analysis of BTC on the 4hour Chart Looking to break overhead resistance (in red) The bullish scenario would be for BTC to hold its gains and for a flag pattern to form at its current level. If followed by strong volume coming in, we may see BTC looking to retest 8000. Hold on to your horses!!

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Taking a longer term perspective on this one, using the weekly candles, reality sets in as i put on my bear glasses. Historically, BTC saw an almost perfect recovery on the 50MA twice as highlighted in the green boxes, however, printing lower highs, and finally failed its 50MA support in May, resulting in further downward capitulation. For all those bulls out...

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BTC remains within its Bear Flag pattern (in blue) after a attempted breakout from the 50MA (in green), completing a double topping pattern and falling back toward its familiar 50MA. MACD and Stoch RSI both seem to be rolling over too. Bullish momentum was weak, and with very little volume. Currently looking for what seems to be that support on the 50MA, and key...

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Diving straight into it, ETC looks like its trying to find its break from the overhead resistance of its descending channel. Aside from the Callisto Fork Event in February that i would consider an outlier, ETC has been trading within its descending channel for some time now. Proceeding the large green volume candle on 12/06 from the Coinbase Announcement, ETC has...

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Hi all, getting straight into it, seems like BTC has printed a bear flag, unable to make a sharp recovery from that 1500 drop. Technically, the flag can be be as long as the pole, but given the wedging pattern that is forming, converging at the 6500 level, it seems that a breakout (to either side) may occur any time soon. A key indicator to watch would be the...

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Jumping right into this analysis! We see BTC standing strong above the 6500 support trend that has proven 'unbreakable' in the past two instances. Tested but never closed a strong candle below this level. In the past few months of the bear market we see BTC trading withing a huge descending wedge pattern (in blue). The death cross and double topping pattern on...

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Hi all, jumping straight into the charts, The cryptocurrency market has been flat-lining the past week, with BTC gaining some dominance and leaving altcoins bleeding slowly. BTC specifically, has been trading in an ascending channel the past week with majority price action between 7400-7700. Hugging the 50MA and leading span of the ichimoku cloud, its hard to...

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Hi everyone, quick analysis on Kyber Network :) Trading within a longer term wedge pattern (in blue) and seeing a gradual decline over the past week (as with all other altcoins). This tells me that the altcoins are generally in the oversold zone and edging at their lower threshold. Some key levels to watch for are 0.00017 and 0.00013 as points of key...

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Hi all, getting straight into it. Of late, EOS has seen a nice retracement back to the 50% fibonacci level, coinciding with the 50MA, bouncing straight off it, and retesting the 78% fib. Projections, Expecting EOS to see another retracement to the 50MA. This would be generally healthy for EOS as it seems to be hugging the 50MA more closely. With the crazy...

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Jumping straight into it, we see OMG trading within this very gradual upward channel (in blue). I'd consider this a relatively favourable long position with a Risk-Reward Ratio standing at 4.5 OMG seems to building a nice level of support on the 200 Day Moving Average (in red), while RSI showing oversold, and imminent MACD cross :) However, if OMG were to...

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Hi all, jumping right into ICX/BTC I dont usually do hourly charts, but ICX seems to be building a nice bull flag right after bouncing right off the 0.00030000 level. I'm bullish for the following reasons - Strong volume has come in (needs to be maintained) - Golden cross on the Moving Average - Seems to be building a base within the longer terms channel (in...